Ford falls after Goldman downgrades on tariff, demand concerns

Automaker Ford's F.N shares down 4.1% at $9.12 after Goldman Sachs downgrades stock to "neutral" from "buy"

Brokerage sees downside for Ford due to increased international competition, weaker consumer demand and expected higher tariff costs, prompting rating downgrade despite favorable long-term outlook

Goldman notes Wall Street estimates for co's expected earnings for 2025 have been revised downward by 32% after it upgraded stock to "buy" in September

In same period, stock has been down 10% vs 15% on average for other auto OEM/supplier stocks, Goldman says

Brokerage says it might become positive on stock if there are improvements in co's cyclical outlook or significant increase in software and services profits

3 of 26 brokerages rate stock "buy" or higher, 17 "hold", 6 "sell" or higher; median PT is $9.95 - LSEG data

As of last close, shares down 2.5% YTD